BitPay partners with MIT bookstore

BitPay Inc. has partnered with the Massachusetts Institute of Technology’s bookstore to allow bitcoin acceptance.

Atlanta-based-Bitpay, a payment service provider that specializes in bitcoin digital currency, said the bookstore, MIT COOP already offers a bitcoin exchange in its store and now is the first major university bookstore to add the digital currency as a payment method.

This semester MIT plans to give $100 in bitcoin to all of its undergraduates through the MIT Bitcoin Project, a bitcoin club.

The Coop is one of the country’s largest college bookstores that serves the Harvard University and MIT communities as a cooperative.